Vystar Corp (VYST)

[doogdilinger]

Thanks racer, and many of us inVYSTors know for a fact that FirstFire and Crown Bridge did the 2 X $200K .15 cent priced direct investments because prior to VYST's corporate twitter feed launching when VYST IR was communicating with s/h's via email, VYST even provided the proof of the FirstFire financing instrument, including the FirstFire bank wire, and both of those 2 forms of proof came on the heels of the PR and pacer declarations on the matter. So all the bs complaints about why the 2 small tranches of $200K friendly financing weren't broken down seperately instead of lumped in with the FirstFire and Crown Bridge shares issued to eliminate the balances due on their notes and the attached warrants is just that, bs, and the majority of inVYSTors find it more than amusing that repetitively harping on such old Q1 news is constantly brought up by wannabe shorts and manipulators:)

From the PR and Pacer declarations:

“We welcome FirstFire as our first institutional investor and look forward to a long and mutually beneficial relationship,” Rotman noted. “Cleaning up our balance sheet by retiring all toxic convertible debt is a necessary step in the process of executing our strategic business plan to expand the company organically and through accretive acquisitions designed to improve our earnings per share. This multi-step event validates our business plan.”

First, reviewing Note 12 the Court will find that the Company increased the authorized shares of common stock to 975,000,000, providing more than ample stock to pay any corresponding obligation payable in shares. Id. Second, from an ongoing business viability, the Court will see,
specifically point 8, that Vystar is in the process of acquiring between 58% and 100% of the assets of Murida Furniture Company, Inc. Id. Murida is a company generating at least $30,000,000 in revenues annually. Rotman Dec. ¶25. Additionally, point 9 in Note 12 of the 10Q further identifies Vystar is in the process of acquiring the assets of Fluid Energy. Moreover, on March 6, 2019, FirstFire Global Opportunities Fund, LLCs invested in Vystar in an equity only deal for common shares in the amount of $200,000, providing Vystar even additional capital. Id. Exh. 13

A few additional points on financial viability. Vystar has recently paid off all of its debt as to third party corporate convertible notes (non-insider), specifically paying off two loans from Peak One and Powerup Lending Group, Ltd. Rotman Dec. ¶28, Exhs. 10-13.

And this post from Sterling is very revealing as well as the bank wires received from FirstFire and Crown Bridge were even submitted to the court lol>>>
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